Page 16 - Startups
A century in style: Fintech firm Open becomes India's 100th unicorn
The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation
 "A century in style: Fintech firm Open becomes India's 100th unicorn")
 "Edtech startup HiCounselor raises $1.8 million in funding")
KSUM's innovation grants to startups crosses Rs 25 cr
The state-run Kerala Startup Mission (KSUM) has provided over Rs 25 crore as innovation grant to a wide range of technology and product startups since 2017
 "KSUM's innovation grants to startups crosses Rs 25 cr")
NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave
Revise offers developers the rails to program NFTs to interact with apps and data
 "NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave")
India has world's fastest growing start-up eco-system, says PM Modi
PM Modi said India is headed for a robust economy and the country's consumption of semi-conductors is expected to cross $110 billion by 2030 and has the world's fastest growing start-up eco-system
 "India has world's fastest growing start-up eco-system, says PM Modi")
Need for ethics, corporate governance standards in startups: Piyush Goyal
While Goyal did mention the name of the startup, his statement comes after there have been several reports of corporate governance lapses at the unicorn Bharat Pe over the last few months.
 "Need for ethics, corporate governance standards in startups: Piyush Goyal")
Startups should focus on smaller cities, social issues: DPIIT Secy Jain
Civil servant says these places hold business opportunities and can help build startup ecosystem.
 "Startups should focus on smaller cities, social issues: DPIIT Secy Jain")
Focus on tier 2, 3 cities: DPIIT Secretary Anurag Jain to startups
Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by the society at large
 "Focus on tier 2, 3 cities: DPIIT Secretary Anurag Jain to startups")
Fintech start-up Actlogica raises seed funding from Zerodha's venture arm
The husband-wife duo of Ameet Ayare and Archana Anoor founded Actlogica in 2015 to aid wealth managers and investment management professionals
 "Fintech start-up Actlogica raises seed funding from Zerodha's venture arm")
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper
Restaurant management platform raises $24mn in series B funding
 "Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper")
Startups partner with IITs to develop cutting-edge niche products
Incubation cells at the premier engineering institutes are helping more and more startups develop innovative product
 "Startups partner with IITs to develop cutting-edge niche products")
Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy
Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets
 "Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy")
Deeptech startup Spyne raises $7 mn in latest funding round led by Accel
At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries
 "Deeptech startup Spyne raises $7 mn in latest funding round led by Accel")
How will Microsoft for Startups Founders Hub benefit Indian firms
Asia has among the most dynamic startup scenes in the world and has quickly become a breeding ground for innovation over recent years.
BharatPe's Ashneer threatens legal action over comment against sister
In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence
 "BharatPe's Ashneer threatens legal action over comment against sister")
Google-backed Dunzo launches instant grocery delivery service in Mumbai
In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022
 "Google-backed Dunzo launches instant grocery delivery service in Mumbai")
Speciale Invest announces its second funds closure at Rs 286 crore
In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.
 "Speciale Invest announces its second funds closure at Rs 286 crore")
EnKash raises $20 million in funding round led by Ascent Capital
Baring India and Singapore-based White Ventures also participated in the series B funding round along with existing investors, Mayfield India and Axilor Ventures.
MakerMax develops testing devices, algorithms to tackle battery fires
Canada-based startup MakerMax said it has developed testing devices and algorithms that can arrest battery fires and consequent loss of property and lives
 "MakerMax develops testing devices, algorithms to tackle battery fires")
